Wednesday, January 22, 2025

Markets & Investing

Naira trades below N810 on official market, weaker than black market

Nigeria’s naira traded weaker on the official market than the black market on Thursday, with the official I&E rate falling to 812 to a...

Dangote Cement stock gains big as company set to begin buy-back

Dangote Cement shares jumped the maximum 10% on Monday on the first trading day after the company said its latest share buy-back programme will...

Forex reform prompts delay in stripping Nigeria of ‘frontier market’ status

MSCI, the global equity index provider, says it will defer its plan to remove Nigeria from its list of frontier markets, to allow a...

Nigeria to allow asset-backed tokens, not crypto

The Nigerian government says it is processing applications for digital exchanges that will allow trading in asset-backed tokens. The decision is to extend market...

Elumelu, Otedola fight for control of Transcorp

The billionaires have each raised their stakes in the company in the last two weeks, with each trying to outmanoeuvre the other.

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